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When Genius Failed: The Rise and Fall of Long Term Capital Management, by Roger Lowenstein

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The riskier the bond, the wider the spread—that is, the greater the difference between the yield on it and the yield on (virtually risk free) Treasurys.
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When Genius Failed: The Rise and Fall of Long Term Capital Management
When Genius Failed: The Rise and Fall of Long Term Capital Management
by Roger Lowenstein
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